Japanese Prime Minister Shigeru Ishiba’s future was unclear Monday after his coalition appeared to have disastrously lost its upper house majority in elections that saw strong gains by a right-wing populist party. The Liberal Democratic Party (LDP), which has governed almost continuously since 1955, and its partner Komeito had to win 50 seats in Sunday’s…
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate profits. In the stock market, however, the reaction has been fairly quiet, an ominous sign that much of the good news is priced in — and investors are punishing disappointments. Most Read from Bloomberg Take financials, which…
(Bloomberg) — When At Home Group Inc.’s lawyer stood before a US bankruptcy judge last month asking to wipe out nearly $2 billion of the retailer’s debt, the reason came quick: tariffs. It’s a line that’s showing up in more and more courtrooms. Tile importer Mosaic Cos. blamed them in a recent filing. Just weeks…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Another batch of upbeat U.S. economic data including solid retail sales boosted risk appetite on Thursday, pushing to the back of investors’ minds President Donald Trump’s attacks on Fed Chair Jerome Powell and lifting…
The sale of global port facilities to U.S.-based investor BlackRock and Mediterranean Shipping Company by Hong Kong’s CK Hutchison could be blocked by China, unless shipping company Cosco is included, according to a Wall Street Journal report citing anonymous sources. Hutchison said in March it planned to sell its 80% share of port terminals through…
KYIV (Reuters) -Ukraine’s President Volodymyr Zelenskiy said on Thursday Olha Stefanishyna, a deputy prime minister responsible for Euro-Atlantic integration, would become the country’s new ambassador to the United States. Zelenskiy wrote on Telegram that he had appointed her as the special presidential representative to the U.S. so that she could develop relations with Washington while…
By Nupur Anand NEW YORK (Reuters) -Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline. “We feel both the industry and ourselves will have responses. We’ve done a lot…
BANGKOK (AP) — Shares in Asia traded mixed on Wednesday after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record. Tokyo’s Nikkei 225 gained 0.6% to 39,895.84 as the U.S. dollar rose against the Japanese yen, trading near 149 yen. Investors are focused on the…
President Donald Trump just tossed another curveball into the global trade arena and this time, it’s aimed at anyone still doing business with Russia. Trump floated the idea of slapping 100% tariffs on Russia unless a peace deal is reached within 50 days. But that’s not where the real pressure lies. According to the U.S….
Reports that a senior Pentagon official has been telling America’s European allies to stay away from the Indo-Pacific may be a sign that Washington will ask its Asian allies to shoulder more responsibility for countering China, according to some analysts. The report cited sources who interpreted the Pentagon’s No 3 as “basically saying ‘You have…